Elon Musk plans to retrench half of the social media company’s workforce, according to people with knowledge of the matter.
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Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited vehicle.
Tesla boss Elon Musk said he will serve as CEO of Twitter, the social media company he just bought for $44-billion.
Elon Musk became Twitter’s owner on Thursday, in the process firing top executives, including CEO Parag Agrawal.
Toyota is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, sources said.
With Elon Musk on the verge of taking over Twitter comes news that he plans to gut its workforce, with cuts of up to 75%.
With that cheque for Twitter imminent, Musk could use all the optimism around Tesla he can muster.
Elon Musk said he was excited about his pending acquisition of Twitter, although he was overpaying for the social media company.
The lying, spin and misdirection Musk has attached to his Twitter bid might have been fun when he first hatched the offer, but a judge is looking now.
Elon Musk is running out of ways to evade his original $44-billion contract to buy Twitter.